consider the unemployment insurance data. initial claims provide the most informative and timely high frequency data we have, but the u.i. data have provided essentially decades. shouldn't it be possible to extract more information about job losses by industry, occupation, education or demographic group from the u.i. claims? we know u.i. claims are down to their lowest level in four years. wouldn't it be nice to know which sectors have seen more of a decline than others or whether the job declinement rate is better for older or young are workers and how it's changed. i want to reiterate the u.s. economy is on the end after suffering deep wounds. the obama administration is continuing to address problems that were a long time in the making and we are committed to continuing to do so. after ten consecutive quarters of gdp growth and increasing job growth, the recovery appears to be durable. and this durability has persisted in spite of adverse shocks of varying magnituding from the h1n1 epidemic, natural disasters in asia, and t

and consider the unemployment insurance data. initial claims revived the most informative and timely high-frequency data we have put the ui data have provided essentially the same information for decades. shouldn't it be possible to extract more information about job losses by industry and occupation, education or demographic groups from the ui claims. we know ui claims are down to their lowest level in four years. when it be nice to know what sectors have seen more of a decline of others or whether older or younger workers have seen more but declined or whether the job mining rate of ui recipients is greater for younger or older workers and how it is change. in closing, i want to reiterate that the u.s. economy appears to be on the mend after suffering deep wounds from the financial crisis and subsequent recession. the obama administration is continuing to address problems that were a long time in the making and we are committed to continuing to do so. after 10 consecutive quarters of gdp growth and increasing job growth, the rec

go up, seeing hours of work go up, all of that added together on top of decreasing unemployment insurance claims, data, really suggest that we have turned a significant corner with regards to improvement in the labor market. >> suarez: diane swonk, you had a lack at the numbers, what are your general observations about february 2012? >> well, certainly it was a good month. and a agree that the trend has been in the right direction. i would add to what is already said and that is that we've seen revisions up. we've seen 60,000 more jobs created in the last two months than they initially counted and they cut the survey in the middle of the month which means momentum was picking up over the course of the month that they missed. and that's been happening for some time now that they have been revising up the data, instead of revasing down the data so it also suggests that we're starting to get some more momentum out there. separately, it looks like from the unemployment rate where they call people up, that is generating much more jobs and we're getting from where they actually talk to firms, that survey. a

consider the unemployment insurance data. nitial claims provide the most informative and timely high- frequency data we have. but the ui data has provided the same information for decades to. should it be possible to extract more information about job losses by industry, occupation, education, or demographic through from the ui claims. ui claims are at their lowest level in four years. wouldn't it be nice to know which sectors saw more of a decline than others? whether older or younger workers saw more of a decline? or whether the job-finding rate of ui recipients is greater for younger or older workers and out of it -- and how it has changed? in closing, i want to reiterate that the u.s. economy appears to be on the mend after suffering deep wounds from the financial crisis and subsequent recession. the obama administration is continuing to address problems that were a long time in the making and we are committed to continuing to do so. after 10 consecutive quarters of gdp growth and increasing job growth, the recovery appear

unemployment insurance, which encourages people to continue searching for work. or employers take more time to fill vacancies in an effort to find especially qualified hires. in any case the datayment relationship in recent years having been both relatively modest and likely to reverse, at least in part as the economy strengthens further. when historical experience is taken into account, these patterns do not support the view that structural factors are a major cause of the increase in unemployment during the recent recession. let me sum up. a wide range of indicators suggest the job market has been improving, which of course is a welcome development. still, conditions remain star from normal as shown, for example, by the high level of long-term unemployment and the fact that jobs and hours worked remain well below precrisis peaks. we cannot yet be sure the recent pace of improvement in the labor market will be sustained. notely an examining of recent deviation from oakin's law suggest recent decline in the unemployment rate may reflect at least in part a reversal of unusualally large layoffs that occurred in late 2008 and early 2009. to the extent this reversal has been compl